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Lincoln-way's Property-tax Rate Likely To Increase Slightly

October 23, 1998|By Pat Harper.

NEW LENOX — Tax rates in the Lincoln-Way High School District will increase slightly in 1999 to pay for the school-expansion referendum proposal adopted this year, the district superintendent said at a news conference Thursday evening.

But taxpayers will see a less-than-expected increase because higher assessed valuation in the district and the tax cap that limits tax increases to the cost-of-living rate have combined to keep the tax rates fairly steady, said Supt. Lawrence Wyllie said.